Many business owners don’t understand that the current year will likely always be their toughest. And when climbing the ladder to success, to survive there will always that next step to reach for. Following a terrible year, When I owned my pickle company our team did a great job creating more profit, until they realized that we were succeeding, then out of control spending started. It was tough to regain the spending controls that we worked so hard to achieve. Lots of lessons learned during that time. Business Owners need to understand that they need to be constantly improving their People, Strategy, Systems and Products. In a post that curated some time ago John Saint John says that there is “no ladder” and that you have to develop a circular process keeping it all going. John
The article that gave me the original idea for this post was by John Wells on May 9, 2012 read more at Why do Successful Companies Fail?